Pre-Purchase Ferrari Inspection Becomes $182k Lawsuit

Written by Michael Sheehan

In November 2005, I wrote a column entitled “The Punch of Deferred C/4 Maintenance… And How I Leaned Into It,” regarding a 365 GTC/4, s/n 14965, that we had sold to Hawaii and bought back 21 years later. This C/4 was a poster child for deferred maintenance, and we paid the price when the repair estimate climbed from an expected $8,000 to a painful invoice of $16,781.85. Unfortunately, this story now advances to an all-new and truly egregious stage.

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Michael is a Ferrari historian and broker with over three decades in the business. He operated a 30-man Ferrari crash repair and restoration shop for over two decades. He has a passion for racing and has competed in the Mazda Pro Series, Trans-Am, IMSA GTO, and IMSA Camel Lite, and has three drives in the 24 Hours of Daytona and 12 Hours of Sebring. His regular column, “Sheehan Speaks,” has been a part of SCM since 1993, and this month, on p. 38, he takes us to a Brunei prince’s compound that holds hundreds of decaying, melting exotic sports cars.